Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

Coldcard

Coinkite Inc.

4.4/5 4.3/5 · Data verified on

Coldcard, made by Canada's Coinkite, is the reference hardware wallet for Bitcoin-only holders: its firmware is Bitcoin-only and built for fully air-gapped use, signing transactions offline via microSD (or QR on the Q model) without ever plugging the device into a computer. It uses two secure elements from different vendors (Microchip ATECC608 and Maxim DS28C36B) to protect the seed. The current lineup includes the Coldcard Mk5 (≈€159, successor to the Mk4) and the Coldcard Q (≈€230) with a QWERTY keyboard, QR scanner and AAA batteries for fully offline operation.

61
Transparency: Medium
61/100 · see methodology
61
Data exposure: Medium
61/100 · lower is better for sovereignty · methodology

Data & conditions

Fund custody Self-custody (funds in your control)
Type Hardware (cold storage)
Source code Partly open-source
Recovery Seed phrase 12/24 parole (BIP-39); backup cifrato su microSD
Bitcoin-only Yes
Supported chains Bitcoin
Price €159
Secure element Yes
Air-gapped Yes
Connectivity USB-C, NFC, microSD, QR
Companion app Mempool / Sparrow / Electrum (PSBT)
Built-in swap No
Built-in staking No
Segment B2C
MiCA / License status Nessuna (hardware wallet self-custody)

Plans & pricing

Strengths

  • Bitcoin-only with focused firmware; fully air-gapped use via microSD/QR; two secure elements from different vendors; Q model with QWERTY, QR scanner and AAA batteries.
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • No KYC: usable without identity verification.
  • Self-hostable: you can run your own instance or node.

Weaknesses

  • Bitcoin-only (no multi-asset support); steep learning curve aimed at advanced users; Q priced above average; open-source firmware under a non-standard licence.
  • No notable sovereignty drawback documented.

Verdict

A A ★ 4.4/5 ★ 4.3/5

Score 4.4/5, very strong profile. In its favour: bitcoin-only with focused firmware; fully air-gapped use via microSD/QR; two secure elements from different vendors; Q model with QWERTY, QR scanner and AAA batteries. The trade-off to weigh: bitcoin-only (no multi-asset support); steep learning curve aimed at advanced users; Q priced above average; open-source firmware under a non-standard licence.

On the Sovereignty lens the score is 4.3/5 (very strong): the strength is fund control (5.0/5), while trustless / auditability (2.5/5) is the weak link.

Privacy & anonymity 30% 4.8
Fund control 20% 5.0
Censorship resistance 20% 4.8
Trustless / auditability 20% 2.5

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

How much does a Coldcard cost?

The Coldcard Mk5 costs about €159 ($169.94 on Coinkite's official store), while the Coldcard Q, with QWERTY keyboard and QR scanner, costs about €230 ($249.21).

Does Coldcard support coins other than Bitcoin?

No: Coldcard is Bitcoin-only by design. The firmware is dedicated to Bitcoin alone to reduce the attack surface and stay focused on security.

Is Coldcard air-gapped?

Yes: it can run fully offline by signing transactions via microSD, or via QR on the Q model, without ever connecting to a computer. It also uses two secure elements from different vendors.

Sources

Update history

✓ Terms unchanged since Jun 20, 2026

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